DealNet Capital Corp.

DealNet Capital Corp.

November 13, 2015 08:38 ET

DealNet Announces Consumer Engagement Contract With Major Canadian Financial Institution

TORONTO, ONTARIO--(Marketwired - Nov. 13, 2015) - DealNet Capital Corp. ("DealNet" or the "Company") (TSX VENTURE:DLS), is pleased to announce that its consumer engagement subsidiary has signed a three year contract with one of Canada's tier-1 chartered banks.

The Company will provide inbound credit card customer support services. This contract is anticipated to provide approximately $3 million in annual revenues. The services will be provided within the consumer engagement platform which is the foundation for DealNet's captive lending business. Services are expected to launch in the fourth quarter.

"This contract significantly advances our engagement business that is integral to our lending products," stated Mike Hilmer, CEO of DealNet. "Our strategic decision to expand our engagement platform to service large scale consumer lending continues to yield results in the pure servicing market. Canadian banks are diligent about their selection in servicing partners because of reputational and security risk and we continue to be a go-to partner for them."

Forward Looking Statements

This press release contains forward-looking statements regarding the Company, its business and future revenues related to the above noted contract. The forward-looking statements are based on current expectations and assumptions made by the Company. In some cases, the forward-looking statements can be identified by words or phrases such as "may," "expect," "believe," "anticipates" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Although the Company believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks including general risks regarding the consumer finance industry, economic factors and other factors beyond the control of DealNet. The forward-looking statements contained in this press release are made as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

About DealNet Capital Corp.

DealNet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. DealNet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.

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